Blue Horizon Ventures announces €183m final close of first fund, investing in alternative proteins, synthetic biology, & cellular agriculture
Zurich-based food-tech investor gets backing from Institutional LPs for its flagship venture fund
London, United Kingdom – Blue Horizon Ventures, a Zurich-based fund manager focused on food-tech innovations announces the final close of its first flagship fund Blue Horizon Ventures I. Originally targeting a size of €100m, the fund increased its hard cap after substantial interest, reaching a final close of €183m. The fund attracted Limited Partners from around the world, ranging from large single and multi-family offices to corporates and institutional investors. Renowned investors include among others; the European Investment Fund, Wire Group’s Private Markets Funds, Givaudan, Group Bimbo, Sigma, B8Ventures, Korys/Colruyt Group. ClearlySo advised Blue Horizon Ventures on fundraising and private placement.
The mission of the fund, besides financial performance and market rate returns, is to generate value for investors by supporting and promoting a positive global impact on the environment, human health and animal welfare through investments in alternative proteins, synthetic biology, cultivated food (cellular agriculture), smart packaging and food waste innovations.
The food and agriculture sector is ripe for disruption – a recent McKinsey study found agriculture to be the least digitalised industry of all. This finding, combined with the fact that the food industry contributes an estimated 35% of global greenhouse gas emissions, and constitutes 10% of global GDP, suggests a strong opportunity for tech innovation to address food’s environmental footprint whilst generating outsized returns for investors.
Michael Kleindl, Founder and Managing Partner of Blue Horizon Ventures, said: “Global capital, accelerated by the global COVID-19 pandemic, is moving towards impact at great speed. This allows more and more entrepreneurs to start their ventures in the food sector. We are delighted to have reached the final close for our first flagship fund. The overwhelming interest and final fund size combined with our pace and quality of portfolio building reflect the enormous potential of our investment thesis: Financial performance paired with an attractive risk return profile and tangible impact.”
The expertise of Blue Horizon Ventures is based on a diverse team with a multidisciplinary skill set, consisting of bioscientists, food engineers, nutrition and retail experts as well as finance and venture capital specialists. Blue Horizon Ventures has already made 16 investments and committed circa €80m in capital into global food-tech innovations in less than 18 months since launching the fund.
David Gowenlock, who led the engagement with Blue Horizon Ventures, commented: “I am incredibly excited by the opportunity presented by the food-tech sector. Food production, especially by animal agriculture is highly inefficient and has a significant negative impact on the environment. Through innovations such as those in Blue Horizon’s portfolio, food production’s resource intensity can be greatly reduced, offering consumers new and exciting culinary experiences and investors an opportunity to create meaningful impact alongside attractive financial returns.”
Notes to Editors
About Blue Horizon Ventures
Blue Horizon Ventures is a food technology-focused venture capital fund founded in 2018 by serial entrepreneurs and investors Roger Lienhard and Michael Kleindl. The fund aims to support the movement towards a more sustainable food system through innovation, technology and entrepreneurship. The Fund operates and sources the best investment opportunities on a global scale with a certain focus on Europe. Blue Horizon Ventures capitalizes on a long lasting industry access and network combined with an outstanding portfolio of already invested companies from the Partners.
ClearlySo is Europe’s leading impact investment bank, working exclusively with enterprises and funds delivering positive social, ethical, and/or environmental impact as well as financial return. Originally founded in 2008, ClearlySo has helped more than 150 clients with advisory and capital raising services—raising more than £450 million in impact investment from its extensive network of high-net-worth individual, family office and institutional investors. ClearlySo is headquartered in London.
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